A grant program to help small businesses owned by historically underrepresented groups access capital funding is taking applications.
The Small Business Capital and Infrastructure Grant Program is open to very small businesses with fewer than 10 employees, and are owned by underrepresented groups including people of color, women, veterans and more. Qualified entities can apply for grants from $10,000 to $245,000.
The program is designed to help small businesses strengthen their operations, overcome financial challenges, and continue contributing to both their communities and Illinois’ economy through capital and infrastructure investments. Capital resources can be used for eligible projects including planning, land and building acquisition, buildings, additions, or structures, site improvements, rolling stock, and durable equipment.
Applications will be accepted through 5 p.m. Monday, April 7. Click here to learn more and apply. |